54 min listen
Investors want pre-production juniors to merge
Investors want pre-production juniors to merge
ratings:
Length:
26 minutes
Released:
Mar 18, 2022
Format:
Podcast episode
Description
Investors want pre-production juniors to merge to attract different and bigger investors into their stories, said Kitco Roundtable podcast special guest George Salamis, president and CEO of Integra Resources.
Having recently participated in the BMO Metals and Mining conference, Salamis said a common theme was that traditional investors are tired of being the only check writers to pre-development companies. “They are saying that by consolidating to create a bigger company, perhaps you attract a bigger investor who can write checks alongside your existing investors. There is a bit of fatigue out there,” said Salamis.
Having recently participated in the BMO Metals and Mining conference, Salamis said a common theme was that traditional investors are tired of being the only check writers to pre-development companies. “They are saying that by consolidating to create a bigger company, perhaps you attract a bigger investor who can write checks alongside your existing investors. There is a bit of fatigue out there,” said Salamis.
Released:
Mar 18, 2022
Format:
Podcast episode
Titles in the series (100)
Why elevated gold prices are leading to consolidation: After acquiring TMAC Resources, Agnico Eagle (TSE:AEM) still intends to keep its exploration budget elevated. On Friday CEO Sean Boyd recorded Kitco Roundtable podcast with correspondent Paul Harris and mining audiences manager Michael McCrae. Agnico Eagle operates Canadian Malartic, the nation's largest gold mine. The company is a top ten gold producer, having produced 1.7 million ounces in 2019. Agnico gave the sector a huge boost of confidence with the big M&A deal announced at the start of the year, the $286 million acquisition of TMAC Resources. Boyd said the deal was closed on its ability to generate net free cash flow. by Kitco NEWS Roundtable